అకౌంట్స్ గమనికలుHem Holdings & Trading Ltd.

Mar 31, 2025

Note 13.4. Terms / rights attached to equity shares

The Company has one class of equity shares having a par value of Rs.10/- per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation of the Company, the equity shareholders will be entitled to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Note 14.1. Nature and purpose of reserve

1. Special Reserve Fund u/s 45-IA Of the Reserve Bank of India Act, 1934 (the "RBI Act, 1934") Reserve u/s. 45-IA of RBI Act, 1934 is created in accordance with section 45 1C (1) of the RBI Act, 1934. As per Section 45 1C (2) of the RBI Act, 1934, no appropriation of any sum from this reserve fund shall be made by the NBFC except for the purpose as may be specified by RBI.

2. General Reserve •

Under the erstwhile Companies Act 1956, general reserve was created through an annual transfer of net income at a specified percentage in accordance with applicable regulations. Consequent to introduction of Companies Act 2013, the requirement to mandatoriiy transfer a specified percentage of the net profit to general reserve has been withdrawn. However, the amount previously transferred to the general reserve can be utilized only in accordance with the specific requirements of Companies Act, 2013.

3. Surplus in the Statement of Profit and Loss

Surplus in the statement of profit and loss is the accumulated available profit of the Company carried forward from earlier years. These reserves are free reserves which can be utilized for any purpose as may be required.

4. FVQCI Equity Investments

The Company has elected to recognize changes in the fair value of investments in equity securities (other than investment in subsidiary) in other comprehensive income. These changes are accumulated within the FVOCI equity inv How estments reserve within equity.

Explanatory Note

As on 31st March 2024, the Company had a receivable of =£1,44,30,342, which was not recoverable. The company tried all possible measures before taking this decision and it is now being decided to write off this receivable balance in FY 2024-25.

Note 23. Contingent liabilities and commitments (to the extent not provided for	As at	As at
	31.03.2025	31.03.2024
(A) Contingent liabilities Guarantees given by the company	Nil	Nil
(B) Commitments Estimated amount of contracts remaining to be executed on capital account and not provided:	Nil	Nil

Note 24, Corporate social responsibility ("CSR") expenses:

The company does not come within the preview of CSR as per section 135 of the act.

Note 25. Leasing arrangements

Operating lease commitments - as lessor - Nil

Note 26. Segment reporting:

The Company is engaged primarily on the business of "Financing" only, taking into account the risks and returns, the organization structure and the internal reporting systems. All the operations of the Company are in India. Accordingly, there are no separate reportable segments as per Ind AS 108 - "Operating segments".

Note 28. Under the Micro. Small and Medium Enterprises Development Act, 2006

Based on the intimation received by the Company, there are no Micro, Small & Medium Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at 31st March, 2025. This information as required to be disclosed under the Micro, Small and Medium Enterprise Development Act, 2006 has been determined to the extent such parties have been identified on the information available with the Company.

Note 29.3 Derivatives

The Company has not entered into any derivative transactions and hence the disclosure required has not been made. Note 29.4 Disclosures relating to securitization

The Company has not entered into any securitization / assignment transactions and hence the disclosure required has not been made.

Note 29.5 Details of financial assets sold to securitization L reconstruction Company for asset reconstruction

The Company has not sold financial assets to securitization / reconstruction Company for asset reconstruction during the year (previous year Nil)

Note 29.6 Details of assignment transactions undertaken by NBFCs

The Company has not undertaken any assignment transactions and hence the disclosure required has not been made. Note 29.7 Details of non-performance financial assets purchased/ sold.

The Company has not purchased or sold non-performing financial assets during the year (previous year Nil).

Note 29.13 Unsecured advances

a) Refer Note no. 6(B) to the financial statements.

b) The Company has not granted any advances against in taking securities (31st March 2024: Nil).

Note 29.14 Registration number obtained from RBI:

The registration no is - 13.00182 vide certificate dtd. 02.03.1998

Note 29.15 Disclosure of penalties imposed by RBI and other regulators

During the financial year ended 31 March 2025, no penalties have been imposed by RBI and oth regulators (31 March 2024: Nil).

Note 29.16 Ratings assigned bv credit rating agencies and migration of ratings during the year -The Company has not got its credit rating done by any rating agency.

Note 29.17 Remuneration of directors

The company has not paid any remuneration to its directors during the year

Note 29.26 Overseas assets (for those with joint ventures and subsidiaries abroad)

There is no overseas asset owned by the Company.

Note 29.27 Off-balance sheet SPVs sponsored (which required to be consolidated per accounting norms)

The company is now required to provide its financial statements under Ind AS, which require all securitization related SPV’s to be consolidated in the books of the originator (the Company). Accordingly, there are no SPV''s sponsored during the year.

All Ind AS issued by MCA are applicable including for valuation of investments and other assets as also* assets acquired in satisfaction of debt. However, market value in respect of quoted investments and break up / fair value / NAV in respect of unquoted investments shall be disclosed irrespective of whether they are classified as long term or current in (5) above.

8. Measurement of fair values

i) Valuation techniques and significant unobservable inputs

The canying amounts of financial assets and liabilities which are at amortized cost are considered tobe the same as their fair values as there is no material differences in the carrying values presented.

ii) Financial instruments fair value

The fair value of financial instruments as referred to in note (A) above have been classified into three categories depending on the inputs used in the valuation technique. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and lowest priority to unobservable inputs (Level 3 measurement).

The categories used are as follows:

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices;

Level 2: The fair value of financial instruments that are not traded in active market is determined using valuation technique which maximizes the use of observable market data and rely as little as possible on entity specific estimates. If all significant inputs required to fair value on instrument are observable, the instrument is included in level 2; and

Level 3: If one or more of significant input is not based on observable market data, the instrument is included in level 3.

iii) Transfers between levels I and II

There has been no transfer in between level 1, level 2 and level 3 C. Capital

The Company maintains an actively managed capital base to cover risks inherent in the business and is meeting the capital adequacy requirements of the local banking supervisor, RBI. The adequacy of the Company''s capital is monitored using, among other measures, the regulations issued by RBI.

The Company has complied in full with all its externally imposed capital requirements over the reported period. Equity share capital and other equity are consider the purpose of Company''s capital management.

Financial assets measured on a collective

The company splits its exposure into smaller homogeneous portfolios, based on shared credit risk characteristics, as described below in the following order:

loans are Secured

if the loans are determined to be secured - Nature of loan i.e., based on the nature of loan

Significant increase in credit risk

The company considers an exposure to have significant increase in credit risk when the borrou crosses 30 DPD but is within 90 DPD.

Impairment assessment

The company considers a financial instrument defaulted and therefore stage 3 (credit impaired) for ECL calculations in all cases when the borrower crosses 90 days past due on its contractual payments.

Exposure at default

*^The exposure at default (HAD) represents the gross carrying amount of the financial instrument

subject to the impairment calculation.

•

Loss given default

The credit risk assessment is based on a standardized LGD assessment framework that incorporates the probability of default and subsequent recoveries, discounted.

Current economic data and forward-looking economic forecasts and scenarios are used in order to determine the Ind AS 109 LGD rate. The company uses data obtained from third party sources and combines such data with inputs to the Company''s ECL models including determining the weights attributable to the multiple, scenarios.

Collateral and other credit enhancements

The amount and type of collateral required depends on an assessment of the credit risk of the counterparty. Guidelines are in place covering the acceptability and valuation of each type of collate]

During the year the company has not advanced loan to any third party.

The company also obtains guarantees from parent companies for loans to then* subsidiaries. Management monitors the market value of collateral and will request additional collateral in accordance with the underlying agreement.

Liquidity risk arises because of the possibility that the Group might be unable to meet its payment obligations when they fall due as a result of mismatch in the timing of cash flows under both normal and stress circumstances. To limit this risk, management has devised for diversified funding sources, and adopted a policy of managing assets with liquidity in mind and monitoring future cash flows and liquidity on daily basis.

Maturity profile of financial liabilities

Since the company no financial liabilities in the form of borrowing, the maturity profiles of the undiscounted cash flows are not applicable.

c) Market risk

Market risk represents the risk that the fair value or future cash flows of financial instruments will fluctuate due to changes in market variables such as interest rates, foreign exchange rates and equity prices.

Note 35 Revenue from contracts with customers.

During the year the company did not earn revenue from Contracts with customers and hence reconciliation to profit and loss account is not applicable

Note 36 Events occurring after the balance sheet date

There have been no events after the reporting date that require disclosure in these financial statements.

Note 37 Standards issued but not vet effective

There are neither new standards nor amendments to existing standards which are effective for the annual period beginning from 1st April 2023.

Note 38 Previous year comparatives

Previous year''s figures have been regrouped/reclassified wherever necessary, to conform to currei year''s classification.

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Mar 31, 2024

3.17 Provisions, contingent liabilities and contingent assets

A. Provisions

Provisions are recognized when the Company has a present obligation (legal or
constructive) as a result of past events, and it is probable that an outflow of
resources embodying economic benefits will be required to settle the obligation,
and a reliable estimate can be made of the amount of the obligation. When the effect
of the time value of money is material, the Company determines the level of
provision by discounting the expected cash flows at a pre-tax rate reflecting the
current rates specific to the liability. The expense relating to any provision is
presented in the statement of profit and loss net of any reimbursement.

B. Contingent liability

A possible obligation that arises from past events and the existence of which will
be confirmed only by the occurrence or non-occurrence of one or more uncertain
future events not wholly within the control of the Company or; present obligation
that arises from past events where it is not probable that an outflow of resources
embodying economic benefits will be required to settle the obligation; or the amount
of the obligation cannot be measured with sufficient reliability are disclosed as
contingent liability and not provided for.

C. Contingent asset

A contingent asset is a possible asset that arises from past events and whose existence
will be confirmed only by the occurrence or non-occurrence of one or more uncertain
future events not wholly within the control of the Company. Contingent assets are
neither recognized not disclosed in the financial statements.

3.18 Taxes

A. Current tax

Current tax assets and liabilities for the current and prior years are measured at the
amount expected to be recovered from, or paid to, the taxation authorities. Current tax
is the amount of tax payable on the taxable income for the period as determined in
accordance with the applicable tax rates and the provisions of the Income Tax Act,
1961.

Current income tax relating to items recognized outside profit or loss is recognized
outside profit or loss (either in other comprehensive income or in equity). Current tax
items are recognized in correlation to the underlying transaction either in OCI or
equity.

B. Deferred tax

Deferred tax is recognized on temporary differences between the carrying amounts of
assets and liabilities in the standalone financial statements and the corresponding tax
bases used in the computation of taxable profit.

Deferred tax liabilities and assets are measured at the tax rates that are expected
to apply in the period in which the liability is settled or the asset realized, based
on tax rates (and tax laws) that have been enacted or substantively enacted by the end
of the reporting period. The carrying amount of deferred tax liabilities and assets are
reviewed at the end of each reporting period.

Deferred tax relating to items recognized outside profit or loss is recognized outside
profit or loss (either in other comprehensive income or in equity). Deferred tax items
are recognized in correlation to the underlying transaction either in OCI or equity.

Deferred tax assets and liabilities are offset if such items relate to taxes on income
levied by the same governing taxJaj&s and the Company has a legally enforceable
right for such set off.

C. Goods and services tax paid on acquisition of assets or on incurring expenses for
assets are recognized net of the goods and services tax paid, except when the tax
incurred on a purchase of assets or availing of services is not recoverable from the
taxation authority, in which case, the tax paid is recognized as part of the cost of
acquisition of the asset or as part of the expense item as applicable.

The net amount of tax recoverable from, or payable to the taxation authority is
included as part of receivables or payables in the balance sheet.

3.19 Earnings per share

Basic earnings per share ("EPS") is computed by dividing the profit after tax (i.e., profit
attributable to ordinary equity holders) by the weighted average number of equities shares
outstanding during the year.

Diluted EPS is computed by dividing the profit after tax (i.e., profit attributable to ordinary
equity holders) as adjusted for after-tax amount of dividends and interest recognized in the
period in respect of the dilutive potential ordinary shares and is adjusted for any other
changes in income or expense that would result from the conversion of the dilutive potential
ordinary shares, by the weighted average number of equity shares considered for deriving
basic earnings per share as increased by the weighted average number of additional
ordinary shares that would have been outstanding assuming the conversion of all dilutive
potential ordinary shares

Potential equity shares are deemed to be dilutive only if their conversion to equity shares
would decrease the net profit per share from continuing ordinary operations. Potential
dilutive equity shares are deemed to be converted as at the beginning of the period, unless
they have been issued at a later date. Dilutive potential equity shares are determined
independently for each period presented. The number of equity shares and potentially
dilutive equity shares are adjusted for share splits / reverse share splits, right issue and
bonus shares, as appropriate.

3.20 Dividends on ordinary shares

The Company recognizes a liability to make cash or non-cash distributions to equity holders
of the Company when the distribution is authorized and the distribution is no longer at the
discretion of the Company. As per the Act, final dividend is authorized when it is approved
by the shareholders and interim dividend is authorized when it is approved by the Board of
Directors of the Company. A corresponding amount is recognized directly in equity.

Non-cash distributions are measured at the fair value of the assets to be distributed with
fair value re-measurement recognized directly in equity.

Upon distribution of non-cash assets, any difference between the carrying amount of the
liability and the carrying amount of the assets distributed is recognized in the statement of
profit and loss.

2. General Reserve

Under the erstwhile Companies Act 1956, general reserve was created through an annual transfer of net income at a specified percentage In
accordance with applicable regulations. Consequent to Introduction of Companies Act 2013, the requirement to mandatorily transfer a
specified percentage of the net profit to general reserve has been withdrawn. However, the amount previously transferred to the general
reserve can be utilized only in accordance with the specific requirements of Companies Act, 2013.

3. Surplus in the Statement of Profit and Loss

Surplus in the statement of profit and loss is the accumulated available profit of the Company carried forward from earlier years. These
reserves are free reserves which can be utilized for any purpose as may be required.

4. FVOCI Equity Investments

The Company has elected to recognize changes In the fair value of investments in equity securities (other than Investment in subsidiary) In
other comprehensive income. These changes are accumulated within the FVOCI equity investments reserve within equity.

/

Note 29.3 Derivatives

The Company has not entered into any derivative transactions and hence the disclosure required has not been made.
Note 29.4 Disclosures relating to securitization

The Company has not entered into any securitization / assignment transactions and hence the disclosure required has
not been made.

Note 29.5 Details of financial assets sold to securitization L reconstruction Company for asset reconstruction

The Company has not sold financial assets to securitization / reconstruction Company for asset reconstruction during the
year (previous year Nil)

Note 29.6 Details of assignment transactions undertaken by NBFCs

• «

The Company has not undertaken any assignment transactions and hence the disclosure required has not been made.

Note 29.7 Details of non-performance financial assets purchased/ sold.

The Company has not purchased or sold non-performing financial assets during the year (previous year Nil).

/svT

8. Measurement of fair values

i) Valuation techniques and significant unobservable inputs

The carrying amounts of financial assets and liabilities which are at amortized cost are considered
tobe the same as their fair values as there is no material differences in the carrying values presented.

ii) Financial instruments fair value

The fair value of financial instruments as referred to in note (A) above have been classified into
three categories depending on the inputs used in the valuation technique. The hierarchy gives the
highest priority to quoted prices in active markets for identical assets or liabilities (Level 1
measurements) and lowest priority to unobservable inputs (Level 3 measurement).

The categories used are as follows:

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices;

Level 2: The fair value of financial instruments that are not traded in active market is determined
using valuation technique which maximizes the use of observable market data and rely as little as
possible on entity specific estimates. If all significant inputs required to fair value on instrument are
observable, the instrument is included in level 2; and

Level 3: If one or more of significant input is not based on observable market data, the instrument
is included in level 3.

iii) Transfers between levels I and II

There has been no transfer in between level 1, level 2 and level 3
C. Capital

The Company maintains an actively managed capital base to cover risks inherent in the business
and is meeting the capital adequacy requirements of the local banking supervisor, RBI. The
adequacy of the Company''s capital is monitored using, among other measures, the regulations
issued by RBI.

The Company has complied in full with all its externally imposed capital requirements over the
reported period. Equity share capital and other equity are consider the purpose of Company''s
capital management.

C.l Capital management

The primary objectives of the Company''s capital management policy are to ensure that the
Company complies with externally imposed capital requirements and maintains strong credit
ratings and healthy capital ratios in order to support its business and to maximize shareholder
value.

The Company manages its capital structure and makes adjustments to it according to changes in
economic conditions and the risk characteristics of its activities. In order to maintain or adjust the
capital structure, the Company may adjust the dividend payment to shareholders, return capital to
shareholders or issue capital securities. No changes have been made to the objectives, policies and
processes from the previous years. However, they are under constant review by the Board.

Note 33 Emnlovee benefit nlan

Disclosure in respect of employee benefits under Ind AS 19 - Employee Benefit are as under:

As there are no permanent employee as on the date on balance sheet the same has not made
applicable.

Note 34 Financial risk management objectives and .policies

While risk is inherent in the company''s activities, it is managed through an integrated risk
management framework, including ongoing identification. Measurement and monitoring, subject to
risk limits and other controls.

The Board of Directors are responsible for the overall risk management approach and for approving
the risk management strategies and principles.

The Risk Committee has the overall responsibility for the development of the risk strategy and
implementing principles, frameworks, policies and limits. The Risk Committee is responsible for
managing risk decisions and monitoring risk levels and reports to the Supervisory Board.

The company''s management is responsible for managing it assets and liabilities and the overall
financial structure. It is also primarily responsible for the funding and liquidity risks of the
company.

a) Credit risk

The company manages and controls credit risk by setting limits on the amount of risk it is willing to
accept for individual counterparties and for geographical and industry concentrations, and by
monitoring exposures in relation to such limits.

Financial assets measured on a collective

The company splits its exposure into smaller homogeneous portfolios, based on shared credit risk
characteristics, as described below in the following order:

loans are Secured

if the loans are determined to be secured
- Nature of loan i.e., based on the nature of loan

Liquid.ty risk arises because of the possibility that the Group might be unable to meet its payment
o igations when they fall due as a result of mismatch in the timing of cash flows under both
normal and stress circumstances. To limit this risk, management has devised for diversified funding

sources, and adopted a policy of managing assets with liquidity in mind and monitoring future cash
flows and liquidity on daily basis.

Maturity profile of financial liabilities

Since the company no financial liabilities in the form of borrowing, the maturity profiles of the
undiscounted cash flows are not applicable.

c) Market risk

Market risk represents the risk that the fair value or future cash flows of financial instruments will

fluctuate due to changes in market variables such as interest rates, foreign exchange rates and
equity prices.

iNofe j? Revenue from contracts with customers.

During the year the company did not earn revenue from Contracts with customers and hence
reconciliation to profit and loss account is not applicable

£jpte 36 Events occurring after the balance sheet date

There have been no events after the reporting date that require disclosure in these financial
statements.

Note 37 Standards issued hut not vet effective

There are neither new standards nor amendments to existing standards which are effective for the
annual period beginning from 1st April 2023.

Eiote 38 Previous year comparatives

Previous year''s figures have been regrouped/reclassified wherever necessary, to conform to current
year''s classification.

In terms of our report of even date attached

For M/s Harsh Jain & Associates
_ (Chartered Accountants)

. FRN- 007639C

m\

CA Harsh Jain
(Partner)
Ml.No. 076736
UDIN- 24076736BKDQGZ6056

Place: Durg
Date : 30.05.2024

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Mar 31, 2015

1. Previous year's figures have been regrouped wherever necessary to confirm to this year's classifications

2. There is no claim against the company not acknowledged as debts.

3. Balance shown under the headings sundry creditors for Goods, expenses & others, sundry debtors, other current assets, banks and advances to suppliers are subject to confirmations. Necessary adjustment, if any will be made when the accounts are reconciled and settled.

4. In the opinion of the management there is no such event occurred after the date of Balance sheet, which needs to be adjusted in these accounts.

5. In the Opinion of the board of directors, the loans, advances and current assets have a value on realization in the ordinary course of business, at least equal to the amounts of which these are stated and that the provisions for the known liabilities are adequate and not in excess of the amount reasonably necessary.

6. Valuation & consumption of inventories has been taken as valued and certified by the management.

7. There were no employee at any time during the year drawing Rs.5,00,000.00 or more per month.

8. No. of employees in the company is not more than 10. Hence Gratuity Act and ESIC Act are not applicable. Since the no. of employees is less than 20, Provident fund Act is also not applicable.

9. Segment Reporting

a. Business Segment: - The Company's business activity falls within a single primary business segment viz finance and investments. As such there are no separate reportable Segments as perf^Sbeiinting Standard 17.

b. Geographical Segment: - The Company provides Services within India. The condition prevailing in India being uniform No Separate geographical segment disclosure is considered necessary.

10. Deferred Tax

Deferred tax asset or liability is recognised for tinning differences between the profit as per financial statements and the profit offered for income tax, based on tax rates enacted or substantively enacted at the Balance Sheet date. Deferred tax assets are recognised only if there is reasonable certainly that sufficient future taxable income will be available, against which they can be realized.

11. Related Party disclosure: -

Disclosures as required by accounting standard 18 (AS-18) related party disclosures issued by the institute of chartered accountants of India are as follows and description of relationship.

A. Related Parties:

Associate Companies Prabha Plantation Pvt. Ltd.

Sim Prabha Estates and Trading Company Pvt. Ltd.

Sangam Forgings Pvt. Ltd. .

SEFW Projects Pvt. Ltd.

Simplex castings Limited

SSquare Corporate Consultants Pvt. Ltd.

Sachdeva Sales Pvt. Ltd.

Cardinal Yacht Builders Private Limited

Mi Consultants Private Limited

Mi Productions Private Limited

RPM Global Solutions Private Limited

LUXE Yachts Private Limited

Directors:

Shri Mehul Nisar Shri Pankaj Sachdeva

Shri Ketan M. Shah

Smt. Sangeeta Ketan Shah .

B. Related party transaction:

12. Details of Employee benefits as required by the Accounting Standard 15 "Employee Benefits" are given below:-

(a) Defined Contribution Plans:-

During the year the company has not employed more than 10 employees and therefore no Statutory Act Related employee are applicable. However company has not recognized any amount for Defined Contribution in the profit & loss Accounts as the employee's are not permanent.

(b) Defined benefit plan:-

No Provision of Gratuity and encashment of leave has been made for the employees up to 31.03.2015.

13. There being no dealings with Micro, Small and Medium Enterprises, there are no out standings to such parties.

14. During the year as per new Depreciation Schedule II of Companies Act, 2013 Company have not written off any amount from earlier year profit as there were no assets whose life is expired as on 01-04-2014.

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Mar 31, 2014

1. There being no dealings with Micro, Small and Medium Enterprises, there are no out standings to such parties.

2. The Company''s business activity falls within a single primary business segment viz finance and investments. As such there are no separate reportable Segments as per Accounting Standard 17.

3 Related Party Disclosures under Accounting Standard 18.

A. Related Parties:

Associate Companies Globe Industrial Valves (I) Pvt. Ltd. Prabha Plantation Pvt. Ltd. Sim Prabha Estates and Trading Company Pvt. Ltd. Sangam Forgings Pvt. Ltd. SEFW Projects Pvt. Ltd. Simplex castings Limited Simplex Industries Ltd. Kiaan Minerals & Resources Pvt. Ltd.

Directors:

Shri H. C. Shah Shri Shamji M. Shah Shri Prabha M. Shah Shri Ketan M. Shah Smt. Sangeeta Ketan Shah

B. Related party transaction:

SR. No. Nature of transaction Directors 2013-14 2012-13

1. Sitting Fees Rs. 18,000.00 13,000.00

C. There are no write offs/Write back of any accounts for any of the above related parties.

4 In accordance with Accounting Standards-22. Accounting for taxes on income deferred Tax asset arising on account of brought forwarded losses and unabsorbed depreciation are presently not recognised for want of certainty of future taxable income being generated.

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Mar 31, 2013

1) There being no dealings with the Micro, Small and Medium Enterprises, there are no out standings to such parties.

2) The Company''s business activity falls within a single primary business segement. Viz finance andinvestments As such there are no separate reportable Segments as per Accounting Standard 17.

3) RELATED PARTY DISCLOSURES UNDER ACCOUNTING STANDARD 18.

A. Related Parties :

(i) Associate Companies

Globe Industrial Valves (l)-Pvt.Ltd. Prabha Plantation Pyt. Ltd. Sim Prabha Estates and Trading Company Pvt. Ltd. Sangam Forgings Pvt Ltd. SEFW Projects Pvt. Ltd. Simplex Castings Ltd.

(ii) Directors:

Shri H.C.Shah Shri Shamji.M.Shah Shri Prabha M. Shah Shri Ketan Moolchand Shah

4) Previous Year''s figures have been regrouped/rearranged, wherever necessary, for comparison and to comply with disclosure requirement as per Revised Schedule VI.

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Mar 31, 2012

1) There being no dealings with the Micro, Small and Medium Enterprises, there are no out standings to such parties.

2) The Company''s business activity falls within a single primary business segment. Viz finance and investments.

As such there are no separate reportable Segments as per Accounting Standard 17.

3) RELATED PARTY DISCLOSURES UNDER ACCOUNTING STANDARD 18.

A. Related Parties:

(i) Associate Companies

Globe Industrial Valves (I) PvtLtd.

Prabha Plantation Pvt. Ltd.

Sim Prabha Estates and Trading Company Pvt. Ltd.

(ii) Directors:

Shri H.C.Shah Shri Shamji.M.Shah

Shri Prabha M. Shah .

Shri Ketan Moolchand Shah

4) In accordance with accounting Standard -22 Accounting for taxes on income deferred Tax asset arising on account of brought forwarded losses and unabsorbed depreciation are presently not recognized for want of certainty of future taxable income being generated.

5) Previous Year''s figures have been regrouped/rearranged, wherever necessary, for comparison and to comply with disclosure requirement as per Revised Schedule VI.

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Mar 31, 2010

1) Sundry Creditors include Security deposit for premises Rs 3,00,000/- (Previous Year Rs.3,00,000/-)

2) a) Income from Service Activity: Rent is shown separately in Profit and Loss Account and hence it is not repeated here. b) Tax deducted at source from Interest:

On Fixed Deposits with a Bank Rs.2,517/- (Previous Year Rs.7,352/-)

3) In the absence of any intimation received from the vendors regarding the status of their registration under" The Micro, Small and Medium Enterprises Development Act 2006" the Company is unable to comply with the disclosures required to be made under this Act.

4) The Companys business activity falls within a single primary business segement. Viz finance and investments. As such, there are no separate reportable Segments as per Accounting Standard 17.

5) RELATED PARTY DISCLOSURES UNDER ACCOUNTING STANDARD 18.

A. Related Partes :

(i) Associate Companies

Shemaroo Video Pvt.Ltd.

Shemaroo Video Recording (Bombay) Pvt.Ltd.

Globe Industrial Valva (I) Pvt.Ltd

SEFW Projects Pvt.Ltd.

Prabha Plantation Pvt Ltd.

Sim Prabha Estates and Trading Company Pvt. Ltd.

(i) Directors:

Shri H.C. Shah

Shri B.H. Maroo

Shri Shamji. M.Shah

Shri Molchand R. Shah

Shri Prabha. M.Shah

6) In accordance with accounting Standard -22 Accounting for taxes on Income defered Tax asset arising on account of brought forwarded losses and unabsorbed depreciation are presently not recognised for want of certaintly of future taxable income being generated.

7) Information required in terms of Part IV of Schedule VI of the Companies Act,1956 is attached herewith. 11) Previous Years figures have been regrouped/rearranged, wherever necessary, for comparison.